INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 6 - Deductions from certain withdrawals from Australian Film Industry Trust Fund accounts  

SECTION 221ZT   APPLICATION OF CREDITS  

221ZT(1)   [Credit a debt due by Commissioner]  

The amount of a credit to which a person is entitled by virtue of this Division is a debt due and payable to the person by the Commissioner on behalf of the Commonwealth.

221ZT(2)    
(Repealed by No 11 of 1999)

221ZT(3)    
(Repealed by No 11 of 1999)

221ZT(4)   [Credit applied exceeds credit entitlement]  

Where the amount, or the sum of the amounts, applied or paid by the Commissioner as a credit to which a person is entitled under this Division exceeds the amount of the credit to which the person is so entitled, the Commissioner may recover the amount of the excess as if it were income tax due and payable by that person.